Tag: out-of-pocket costs
To retire is to enter the unknown. Rick Fine has demystified one aspect of retirement: Medicare. As the director of financial planning for an advisory and investment firm, he has put together a list of what he sees as the five biggest mistakes new retirees make. I encourage you to read Fine’s well-written and detailed…
Today’s retirees typically spend about a third less on medical care than retirees did back in 2004, according to new research. Workers who are over 55 but not yet eligible for Medicare are spending somewhat less too. Two policies have reversed the trend of years of rising costs: the introduction of Medicare’s Part D prescription…
